Dollar gets stronger than dong on black market

The US dollar went up a little to around VND26,200 on the black market. Vietcombank did not change its rate, which stayed at VND26,460. The dollar is getting stronger.

The State Bank of Vietnam increased its reference rate by 0.1% to VND25,405. This is a small change.

On Wednesday, the world's currency markets were quiet. The Japanese yen was not under as much pressure as before. The US showed support for the yen, and the dollar was near its lowest point in six weeks.

The US dollar index did not change much. It was at 99.85 and was having trouble finding direction. This happened after it hit a six-week low on Monday. The dollar is still strong.

The euro was steady at $1.1533. It was close to its highest point in six weeks. The sterling was also steady at $1.3453. The yen was a little stronger at 157.61 per US dollar.

Investors are not sure how long the effects of the recent interventions will last. This is according to Vincent Chung, a manager at T. Rowe Price. He thinks the market is quiet.

The market thinks that the intervention may slow down the yen's depreciation, but it will not last. This is what Vincent Chung said.

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